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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 19130 in Philadelphia, Pennsylvania, maintains a significant Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. This area contains 341 total units in LIHTC-funded projects, including 323 low-income units. Based on the 2022 population of 27,129 and an estimated 10,394 housing units, the LIHTC-funded affordable housing comprises approximately 3.28% of the zip code's estimated housing inventory.
The LIHTC projects in this zip code have received $3,978,588 in tax credits, averaging about $11,667 per unit. This represents 0.67% of Pennsylvania's total LIHTC funding, indicating a substantial investment in affordable housing for this specific area.
Affordable housing has been a consistent presence in this zip code, with projects spanning from 1988 to 2017. The earliest project, "1818 Poplar St," was completed in 1988, while the most recent, "Maple Mount Vernon," was finished in 2017. The 1990s saw the most affordable housing development, with multiple projects completed during this decade, including "Francisville Projects" and "Turning Point."
The LIHTC-funded projects in this zip code offer a range of unit types. Out of the 341 total units, there are 58 efficiencies, 69 one-bedroom units, 105 two-bedroom units, 30 three-bedroom units, and 13 four-bedroom units. This variety accommodates different household sizes and needs within the community.
Over the past decade, the zip code has experienced population growth, increasing from 24,126 in 2013 to 27,129 in 2022. During this period, the median income rose from $75,541 in 2013 to $95,435 in 2022, indicating an improvement in economic conditions.
The racial composition of the area has evolved. The white population increased from 65% in 2013 to 67% in 2022, while the Black population decreased from 22% to 14%. The Asian population grew slightly from 6% to 7%. The Hispanic population increased from 5% to 8% during this period.
Despite the rising median income, the continued development of LIHTC projects through 2017 suggests an ongoing need for affordable housing in this area, possibly due to increasing housing costs or to maintain a diverse economic mix in the community.
Zip code 19130 in Philadelphia has a notable LIHTC-funded affordable housing presence, with 341 units representing about 3.28% of the estimated housing inventory. The area has seen consistent investment in affordable housing over three decades, with projects ranging from 1988 to 2017. While the median income has increased significantly over the past decade, the continued development of affordable housing suggests an ongoing commitment to maintaining economic diversity in the area. The demographic shifts, including increases in white and Hispanic populations and a decrease in the Black population, reflect the changing nature of the community, which may influence future affordable housing needs and development.